Bank of Japan tests central bank digital currency blockchain settlement

TD Cowen: Banks may struggle to win the battle for stablecoin yields, but prolonged stalemate could threaten U.S. cryptocurrency legislation

Investment bank TD Cowen believes that the banking industry may be at a disadvantage in the debate over stablecoin yield policies, which could delay the progress of the U.S. Crypto Market Structure Act. The report notes that banks' opposition to stablecoin yields may harm consumer interests, making political support difficult to sustain. Meanwhile, the OCC is proposing rules related to stablecoins, including a ban on direct interest payments, and will also seek public comments in the future.

Analyst raises Circle's target price, oil price increase and interest rate expectations benefit stablecoin business

Affected by rising oil prices and changing interest rate expectations, Circle Internet Group's target price has been raised to $100, with the stock price increasing nearly 8% to $103.71. Analysts note that changes in interest rates could have a greater impact on valuation. Although revenue expectations have been slightly raised, a clearer regulatory framework may intensify competition, putting long-term profit margins under pressure.

The Federal Reserve has a 97.4% probability of maintaining interest rates unchanged in March.

ChainCatcher reports that, according to Jintiao, CME "Federal Reserve Watch" shows a 97.4% probability that the Federal Reserve will keep interest rates unchanged until March, and a 2.6% probability of a 25 basis point rate cut. By April, the probability of a total 25 basis point rate cut is 14.4%, the probability of holding rates steady is 85.3%, and the probability of a total 50 basis point cut is 0.3%. By June, the probability of a total 25 basis point rate cut is 37.1%.

Circle CRCL Stock Slips as Clarity Act Deadline Looms

Key Insights Circle CRCL stock trades near key support as investors await the Clarity Act decision that could reshape US digital asset regulation framework. Bitcoin and XRP rally while gold and silver surge as geopolitical tensions drive demand for both risk and safe-haven assets. CRCL

CBDC Ban Reappears in Senate Housing Law, Fed Restricted

Senate housing bill bars Fed from issuing or facilitating a retail CBDC, including similar digital assets, until 2030. Measure passed 84–6 after late insertion, formalizing limits despite prior Fed stance requiring Congress approval. U.S. pauses digital dollar plans as China and Europe

Schmidt: Need to focus on the macroeconomic situation and bring inflation down to 2%

ChainCatcher News, according to Jinshi reports, Federal Reserve's Smith said that macroeconomic conditions need to be monitored, and the inflation target has been lowered to 2%; it is expected that a large amount of fiscal stimulus measures will be introduced by 2026.